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The SharesPost Alternative Trading System today executed its first
secondary transaction in the “BCAP” security tokens issued by Blockchain
Capital, the pioneer and premier venture capital firm focused
exclusively on the blockchain technology sector. As a result, SharesPost,
the leading provider of liquidity to the private growth asset class, has
become the first marketplace to enable both secondary trading and
custody of digital securities. Accredited investors can now trade
digital securities and custody them in online brokerage accounts on the
SharesPost Marketplace.

SharesPost Founder and CEO Greg Brogger said: “This is an important
milestone for the digital securities ecosystem. Now companies can
efficiently raise capital and provide liquidity globally by leveraging
blockchain technology in a way that complies with securities laws. We
are very excited to be connecting the more than 50,000 institutional and
individual accredited investors using the SharesPost marketplace with
companies and funds like Blockchain Capital that are leading the way. We
believe that over time digital securities will join preferred and common
stock as the mainstays of the private capital market.”

SharesPost’s unique combination of primary issuance, secondary trading
and digital securities custody is possible because SharesPost is a FINRA
registered self-clearing broker-dealer and an SEC registered Alternative
Trading System. Currently, SharesPost supports Over-The-Counter (OTC)
trading of digital securities, but has announced plans to add real time
trading via a fully electronic order book in the near future. Client
digital securities are custodied in SharesPost brokerage accounts where
users can also deposit other unregistered securities, including
“unicorn” equities. SharesPost also provides investors access to its
institutional grade research and indices focused on digital assets and
digital securities issuers.

Blockchain Capital Co-founder and Managing Partner, Bart Stephens said,
“We are pleased to announce trading of the BCAP token on the SharesPost
platform. SharesPost is unique in its support of private companies and
funds because they offer a comprehensive platform on which our investors
can interact to enable liquidity. SharesPost has traditionally
endeavored to provide the Investor community with a wide variety of
information, data and analysis on issuers and assets. We're hopeful that
their platform will be a resource to our investors and allow us to
deepen our relationship with them over time.”

SharesPost has been a pioneer in the private capital markets for nearly
a decade. As private tech companies elected to remain private longer,
SharesPost created the first global online securities marketplace to
provide them with liquidity. Now, SharesPost is evolving its proven
securities trading technology and expertise to put its clients at the
forefront of the next wave of capital markets innovation that blockchain
technology and digital securities represent.

SharesPost’s mission is to create liquidity for the private growth asset
class. In 2009, SharesPost launched the first online secondary market
for private technology company shares. Since then, SharesPost has
connected thousands of buyers and sellers in more than $4.5 billion
worth of transactions in the shares of more than 250 leading technology
companies.

The SharesPost platform now also enables clients to access a variety of
private market investment and liquidity solutions including (i) research
and data on leading private technology companies, (ii) the SharesPost
Private Growth Index, (iii) the SharesPost100 Fund, a registered
closed-end interval fund providing all investors with easy access to the
asset class, and (iv) SharesPost Lending, which enables private company
shareholders to borrow against their shares. In 2018, SharesPost
announced plans to integrate trading of digital securities into the
SharesPost platform.

SharesPost is a FINRA-registered broker-dealer, SEC registered
Alternative Trading System and Registered Investment Advisor. For more
information, please visit SharesPost.com.

About Blockchain Capital:

Founded in 2013, Blockchain Capital is one of the earliest and most
active investors in the blockchain technology industry and the crypto
ecosystem. Blockchain Capital has raised and deployed four venture
funds, including the first ever token offering of a venture fund (the
BCAP tokens) in April of 2017. The firm is based in San Francisco and
was founded by serial entrepreneurs and Silicon Valley investors Bart
Stephens and Brad Stephens. To learn more, please visit www.blockchaincapital.com
and follow us on Twitter @blockchaincap.

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